Gail forecast using supply demand and support resistance areasNSE:GAIL showing possibility of triangle pattern breakout/breakdown on weekly/daily timeframe, keep close eye on it.
GAIL trade ideas
DON'T BUY GAILi dont know why many people are after gail, coz its penny stock may be.
what i can see from my analysis, its going towards 79 level.
i would like to stay away from this penny stock.
GAIL (Quality Portfolio Stock)👍Chart at multiple support. Favourable R:R
👍Favourable Dividend Yield
👍Book value is more than CMP.
Entry- CMP
SL -78
Target - 100+ or 20%
Time Horizon - 6 to 12 Months.
Gail at perfect supportthis support region was stable for many months, looking forward for good move, after it breaks the resistance line creating a triangle pattern, lets see how it turns out!!
GAIL: Head and shoulder THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
May 29
TRADING STRATEGY: GO SHORT WITH SL OF 99 & LOOK FOR THE TARGET OF 73/63 IN THE COMING WEEKS.
NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 99 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
Short Gail for the targets of 84 and 78Gail is at the support and
Bollinger Bands are squeezed and the breakdown of the lower band.
Macd is Bearish Crossover
RSI is below 40
So short near the close of the candle for the targets of 84 and 78.
Bullish Harami on gail indiaafter making W pattern on daily timeframe. on retesting its level it made bullish harami pattern at the end of retracement.
anyone want to go bullish can view my suggestion.
Buy 91
SP: 89
Target 100
bullish harami is bullish pattern.
Gail India Ltd Swing trade ViewHi everyone,
This is the Daily chart of Gail.
If Nifty Stops falling This can be a good entry
The price is consolidating in a range (Sideways) .
The price is forming a Head and Shoulder Pattern withing the range.(possible for Bearish).
Risky but good reward trade for swing:
Entry:
Above 123 (candle close in Daily chart)
Reason for entry :
Price is at supports,
Bullish Engulfing at support.
Stoploss
Below 125 (support zone)
Targets :
150,
170
Wait for price to reach supportAs you can see on the chart, the price is near 2 resistance lines. Sop the price is gonna drop.
So wait and keep monitoring this stock price to reach resistance level (Green Line) and then Buy.
Hold it till it reaches resistance again and then sell off and book profits.
This is just for swing trade and not for investment.
GAIL as on 27 Aug 2022GAIL took support at 128
Triple bottom made on daily chart
Volume is increasing on daily chart
Major resistance near 170
Buy near 130-131
SL 123
Tgt 150-163-170
This is only for educational purpose. Please analyse yourself and consult your financial advisor before taking a position.
Gail : hourly chart movement The stock price have formed W( double bottom) pattern of hourly chart, if it breaks recent swing high,
It's highly likely that price will shoot up to 140 rupees level.
(It might do false break out, so have patience and trade with it )
Kindly do you own analysis before entering in trade.
GAIL Good support 124 rsgail could not break its support 124 strong support since Corona Kaal. Bull candle formed near the support good movement for upside
go long on GAIL for a target of 171stock is at a good support...one can go long for a first target of 148 and a second target of 171...stop loss 123
GAIL TAKING REVERSEGail is trading at major support and taking reverse ..... best stock for swing..... Target is mentioned in the chart
GAILNSE:GAIL
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Support and Resistance zones for GAIL limited.
It is just a simple chart analysis made only on Support and Resistance zone for long. It could test the Support zones (Horizontal lines in red) and if it goes up then the 1st target would be the resistance from where the stock turned down. As it's a very simple analysis without any patterns only on S&R zones.Before entering make sure you do your own analysis.
NSE:GAIL
Sideways Trend in GAIL Gail has taken support 5th time from this below trendline, GAIL has given a 30-32% return after taking support from that trendline, there could be a long opportunity in GAIL add it in your watchlist.
GAILGAIL has been formef a harmonic pattern, which is bullish in nature, it has been retraced .786 from correction, looking bullish from this level , target 160+
GAIL India, PSU stock at a support zoneTwo scenarios .
1. The stock has made H &S pattern. The pattern must break the historical support and retest the area for confirmation showing bear grip.
2. The area of confluence + Strong Q1 results + positive global sentiments shows bullishness in stock. A rejection long wick candle validates this but the H & S pattern formed may trap investors.
3. Since the inflation is being stable (yet above RBI Std) and global recovery in Gas demand we can expect the stock to move upwards given that GAIL is a fundamentally strong PSU having a very good dividend yield.
4. My view is Long, that the stock has made a insider candle at the area of confluence in DAILY TF, with targets specified in the charts.
5. Safe traders can wait for a good bullish candle breaking prev week high as confirmation in weekly TF for long positions by keeping the weekly low as stop-loss and Vice-versa.
Aggressive traders can enter with a stop loss below the support zone @ 123/119 and go long for targets above 150 and 170 and beyond in long term.
Note:
This idea is purely on observation made by me, this is not a recommendation or a call.
please do your analysis and share your opinion in the comment box below.
Healthy discussion and inputs are welcomed with thanks
